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Stocks Ready to Break Out

Discussion in 'Trade Journals' started by TraderHR, Nov 21, 2019.

  1. TraderHR

    TraderHR Member

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    Cott Corporation (COT) is consolidating in the ascending triangle pattern with lateral resistance at 15.00 which if broken could lead to a new wave toward 15.5.
    [​IMG]
     
  2. TraderHR

    TraderHR Member

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    Facebook, Inc. (FB) broke lateral resistance (an all-time high at 222.75) and continue higher in strong momentum which could be extended into the next few trading days and send prices to retest upper Bollinger band around 228. For potential entry watch for confirmation of trend around 223.7.
    [​IMG]
     
  3. TraderHR

    TraderHR Member

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    NantKwest, Inc. (NK) price has been consolidating in bullish pennant formation over the last two weeks with resistance around 7.3 area. Break above that resistance in the coming days could trigger new momentum with a target around 10-12 area.
    [​IMG]
     
  4. TraderHR

    TraderHR Member

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    Teva Pharmaceutical Industries Limited (TEVA) – price is approaching lateral resistance in the 11.1 area which if broken could reverse the multi-month bearish trend and move price toward 12.00 area.

    [​IMG]
     
  5. TraderHR

    TraderHR Member

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    M&T Bank Corporation (MTB) is in a bullish flag formation with resistance around 172.7. If a breakout occurs target is 179.
    [​IMG]
     
  6. TraderHR

    TraderHR Member

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    Hertz Global Holdings, Inc. (HTZ) reached resistance in the 17 area of its 3 months long rectangle pattern. Break of that resistance in the coming days could trigger a new up wave with targets in the 17.8-18.5 range.
    [​IMG]
     
  7. TraderHR

    TraderHR Member

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    STERIS plc (STE) is consolidating in a rectangle pattern formation with resistance at 155, which if broken in the coming days could trigger momentum
    [​IMG]
     
  8. TraderHR

    TraderHR Member

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  9. TraderHR

    TraderHR Member

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    Accenture plc (ACN) is consolidating in a bullish flag pattern with resistance at 214.5 which is broken could trigger new momentum into 218-220 areas.
    [​IMG]
     
  10. TraderHR

    TraderHR Member

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  11. TraderHR

    TraderHR Member

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    Tesla, Inc. (TSLA) watch for a possible breakout if the price breaks above 530...
    [​IMG]
     
  12. TraderHR

    TraderHR Member

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    Slack Technologies, Inc. (WORK) is consolidating in an ascending triangle with horizontal resistance in the 30.2 areas, which if broken in the next few trading days, could trigger new short term momentum toward the 34-38 zone.
    [​IMG]
     
    Syynik likes this.
  13. TraderHR

    TraderHR Member

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  14. TraderHR

    TraderHR Member

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    Moderna, Inc. (MRNA) – after 3 weeks of correction and consolidation period the stock broke out of a bullish pennant today and retested resistance in the 67 area which if broken in the coming days could lead to new momentum with the target in the 80-85 range. Initial stop loss 57.5.
    [​IMG]
     
    BermudianOption likes this.
  15. BermudianOption

    BermudianOption Well-Known Member

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    Chart looks great. Gonna add it to my personal watchlist
     
  16. TraderHR

    TraderHR Member

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    5 Trade ideas for Mon, June 22, 2020: $FB $CARA $HAIN $HOLX $UNIT ...[​IMG]
     
  17. TraderHR

    TraderHR Member

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  18. TraderHR

    TraderHR Member

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  19. TraderHR

    TraderHR Member

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  20. TraderHR

    TraderHR Member

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    Breakout Candidate: HLF
    [​IMG]
     

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